Income earning ideas. Possible Space Uses/Services. Food Farming/Growing. Workers Co-ops. Membership Models. Currency Systems (Alternatives) What is Money? Money is an agreement The agreement may be voluntary or coerced, conscious or unconscious, and may fluctuate with time or remain fixed. within a community All kinds of communities--large and small; local, national, international, or virtual; cooperative or competitive--may create such an agreement. to use something as a medium of exchange. The money itself can be issued en masse by a central authority or created ad hoc by two consenting parties in a mutual credit system; it may store value or merely mark transactions; it may be backed or valued with something tangible or merely by the issuing authority; and it may take any shape--coins and bills, some chalk marks on a blackboard, or bits of data inside a computer.
Design Characteristics of Representative Currency Systems A growing number of currency and payment systems, each oriented toward different social and material incentives, are available for use today. Social Implications of Currency System Features top of this page. Timebanking UK| Timebanking is a means of exchange used to organise people and organisations around a purpose, where time is the principal currency. For every hour participants ‘deposit’ in a timebank, perhaps by giving practical help and support to others, they are able to ‘withdraw’ equivalent support in time when they themselves are in need.
In each case the participant decides what they can offer. Everyone’s time is equal, so one hour of my time is equal to one hour of your time, irrespective of whatever we choose to exchange. Because timebanks are just systems of exchange, they can be used in an almost endless variety of settings. Traditionally these settings have been divided into three categories: These might be ‘standalone’ timebanks, perhaps in a local community, where residents might organise social action using the principles of an hour for an hour. This model might see organisations using timebanking as a tool for achieving their own outcomes and goals. January 2014. Economies without Money. Social Entrepreneurs Ireland - Home.
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